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FIS Partners with Circle to Unlock Stablecoin Money Movement Functionality for Financial Institution Customers

Key facts

• FIS is helping financial institution customers to transact in USDC through a new partnership with Circle.
• FIS infrastructure solutions, including the FIS Money Movement Hub, will integrate with Circle鈥檚 stablecoin functionality.
• This partnership is part of FIS鈥� broader strategy to support clients on their digital asset and currency journey across the money lifecycle.

JACKSONVILLE, Fla.--(BUSINESS WIRE)-- Global financial technology leader ^庐 (NYSE: FIS) has announced a new partnership with a subsidiary of Circle Internet Group, Inc. (NYSE:CRCL) (鈥淐ircle鈥�) to give financial institutions the ability to transact in USDC, the world鈥檚 largest regulated stablecoin. This partnership launches on the heels of new U.S. stablecoin legislation that paves the way for digital assets to become more integrated with traditional finance in the U.S. It is part of FIS鈥� broader strategy to support digital assets and currencies, exemplifying FIS鈥� strategic commitment to introduce innovative technology solutions to clients across the money lifecycle.

Working together through this novel partnership, FIS and Circle will enable U.S. financial institutions to offer their customers the option to make domestic and cross-border stablecoin payments in USDC. Issued through Circle鈥檚 regulated affiliates, USDC is a fully-reserved payment stablecoin that is redeemable 1:1 for US dollars.

FIS鈥� recently launched is the first FIS solution to integrate with Circle, making USDC payment functionality available to a wide range of institutions. The Money Movement Hub enables financial institutions to connect to multiple payment networks, encompassing a range of payment types, in one place. FIS will integrate its real-time payments and enhanced fraud detection solutions with Circle鈥檚 blockchain-native infrastructure, providing a scalable path for financial institution customers to adopt digital assets.

Jim Johnson, Co-President, Banking Solutions at FIS, commented, 鈥淭his new partnership with Circle demonstrates FIS鈥� dedication to unlocking innovative financial technology that helps move money between the world鈥檚 banks, consumers and businesses. By providing our clients with direct access to USDC functionality within a regulated and compliant framework, they in turn will be able to offer their customers greater choice in payment methods than ever before. We are helping them to embrace the latest technology to reduce the complexity and costs associated with making payments, enabling funds to flow with greater speed, accuracy and security throughout the money lifecycle.鈥�

Kash Razzaghi, Chief Business Officer at Circle, commented, 鈥淲ith the GENIUS Act now enacted as U.S. law, stablecoins are converging with mainstream finance and institutions are increasingly seeking faster, more transparent and economically efficient ways to move money. Payment stablecoins represent a significant opportunity for U.S. financial institutions to modernize and stay competitive. That鈥檚 why we鈥檙e partnering with FIS - by combining FIS鈥� ubiquitous banking and payments technology ecosystem with Circle鈥檚 blockchain-native infrastructure and USDC, we鈥檙e unlocking settlement at internet scale.鈥�

FIS is a financial technology company providing solutions to financial institutions, businesses, and developers. We unlock financial technology to the world across the money lifecycle underpinning the world鈥檚 financial system. Our people are dedicated to advancing the way the world pays, banks and invests, by helping our clients to confidently run, grow, and protect their businesses. Our expertise comes from decades of experience helping financial institutions and businesses of all sizes adapt to meet the needs of their customers by harnessing where reliability meets innovation in financial technology. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500^庐 and the Standard & Poor鈥檚 500^庐 Index. To learn more, visit . Follow FIS on , and .

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For More Information

Kim Snider, 904.438.6278

Senior Vice President

FIS Global Marketing and Communications

[email protected]

Source: Fidelity National Information Services